A structured settlement is a settlement option for one involved in a personal injury claim which provides tax-free payments. Settlement options include guaranteed, tax-free payments as one lump sum payment or tax free lump sums.

“Having examples of clients who were young children…college expenses to deal with…the need for additional surgeries…clearly something that had to be incorporated into a smart workable settlement plan…design something that was going to make sure Holly was going to be able to get through this terrible experience in a way to maximize her life as much as she can.”

Congressman Joe Courtney

Structured Settlements & Holly’s Story

Overview of Structures

A catastrophic accident or injury presents the individuals involved with unexpected future needs and financial worries. When faced with life-changing events, The Center for Settlement Consultants, LLC (CSC) provides customized settlement plans to victims and their families.

A structured settlement is an agreement between the defendant and the injured party (or claimant). The claimant receives a stream of guaranteed, tax-free periodic payments tailored to his/her specific needs rather than receive the settlement payment as one lump sum.

Types of Cases Where a Structured Settlement May be Appropriate:

Cases involving individuals with temporary or permanent disabilities
Guardianship cases involving minors or individuals found to be incompetent
Workers’ compensation cases
Wrongful death cases where the surviving spouse and/or children need monthly or annual income
Severe injury cases, especially with long-term needs for medical care, living expenses and family support
Cases where the client has fixed income needs

For more information or if you are in a situation where a structured settlement may be appropriate, click here to contact us.

As a structured settlement is not appropriate for every situation, please consult with your attorney and financial planner to discuss whether a structure is right for you.

DISCLOSURE STATEMENT: Information contained herein is not intended or written to be used, and cannot be used, as legal advice or for the purpose of avoiding any tax penalties. This website is written to be educational in nature and support the promotion or marketing of the transactions or matters discussed. Please consult with an attorney or independent tax advisor as to how any of this information may apply to your specific circumstance.